Railtel Share Price IPO
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Hello friends, welcome to our website, today we are going to tell you in this post about What Railtel IPO, has achieved its status in the very popular share market, and today we will give you all kinds of information related to it today we will answer all your questions. If we try to answer, then stay with us in this post, so now, with no delay, let’s start.
Railtel Share Price
Railtel Share Price will open for retail investors on 16 February 2021. RailTel Corporation of India is an undertaking of Indian Railways. RailTel mainly works in creating infrastructure related to information and communications technology. The company has a large optical fiber network.
Railtel Share Price Allotment Status
Railtel IPO allotment status: Under the allotment of shares under RailTel IPO, shares will come into your Demat account today.
Railtel IPO allotment status: Under the allotment of shares under RailTel IPO, shares will come into your Demat account today. You can easily check the number of shares you have got. Let us know what is the way to check the allotment.
The listing will be done on 26 February Railtel Share Price
The listing of shares will happen on February 26, after which you will be able to trade these shares. The IPO of RailTel, a railway undertaking, has received a very good response. This IPO has been subscribed about 42.39 times. Allotment of this IPO is to be done in the coming week.
Easily check status know how to check allotment
First of all, go to this link https://kcas.kfintech.com/ipostatus/
Here you have to select RailTel Corporation of India IPO, after that, you have to enter your application number
After this enter DPID/Client ID, Select NSDL/CDSL and Enter DPID and Client ID, In the case of PAN, Enter PAN Number.
Enter the given captcha here. On submitting the captcha, the IPO share allocation status will be shown.
Check allotment from the BSE website
You can also check share allotment through the BSE website. For this, first, you go to the website of BSE https://www.bseindia.com/investors/appli_check.aspx, go here and select Equity, then select RailTel Corporation of India. After entering the Application Number, PAN Number, you will have to click, after which you will see the IPO allotment status.
Railtel Corporation does this work
RailTel Corporation of India is a venture of Indian Railways. RailTel mainly works in creating infrastructure related to information and communications technology. The company has a large optical fiber network. RailTel caters to all the information and communication needs of the Railways. The allotment of shares of RailTel can be done on 23 February. The shares in the Demat account will be visible on February 24. The listing of RailTel shares can be done on 26 February.
RailTel is a miniratna company RailTel is a miniratna company
Railtel is a government company with Mini Ratna status of Category One. The PSU company submitted the Draft Red Herring Prospectus (DRHP) on 29 September. The company provides telecom network and infra services. The company has a separate system of integrated services. It has exclusive rights over the optical fiber network laid along the railway line. As of 30 June 2020, its optic fiber network is spread over 55000 km. It provides service at 5,677 railway stations. The company has helped launch an optic fiber-based connectivity project in the National Knowledge Network (NKN), Northeast.
These are merchant bankers
For the IPO, the company has appointed ICICI Securities, IDBI Capital, and SBI Capital Markets Limited as merchant bankers. The Union Cabinet had approved the decision to sell up to 25 percent stake in RailTel in December 2018. The company’s funding has been happening internally since 2013. There is no debt on it. The compounded annual growth rate has grown at the rate of 7.47% in FY18-20.
IRCTC made good money for investors IRCTC made good money investors
Indian Railway Catering and Tourism Corporation (IRCTC) has given bumper profits to its investors. The company had released it at an issue price of just Rs 320. But, since the listing, the stock has touched continuous highs. The share price had risen more than manifold to the highest level of Rs 1994.
Railtel Share Price Gray Market Premium
Today (Thursday) is the last chance to invest in RailTel’s Rs 820 crore IPO. Retail investors have invested heavily in this issue. The quota fixed for retail investors has been subscribed 11 times. The stars of this stock are visible in the gray market. The premium has come down significantly in the last few days.
Today (Thursday) is the last chance to invest in RailTel Corporation of India’s Rs 820 crore IPO. Retail investors have invested heavily in this issue. The quota fixed for retail investors has been subscribed 11 times. However, the stars of this stock are visible in the gray market. The premium has come down significantly in the last few days. Analysts expect a good performance from this debt-free Miniratna company, which gives regular dividends. The company has kept a price band of Rs 93-94 for the issue, which is a PE of 21.4 times.
Abhay Doshi, the founder, of Unlisted Arena, who tracks the gray market, said the premium for this stock has slipped between Rs 12-14 in the gray market, which is the first 44-47.
was between Rs. This Gujarat-based dealer said, “The prospects are very good for the company. But the sentiments are changing. Investors from the rich and institutional category have kept a distance from this stock.” The stock is trading at a premium of 13-15 percent at the current gray market price.
The company has kept the lot size of 155 shares. Retail investors will have to place a minimum bid of Rs 14,570 based on the upper price of the price band. After this, bidding can be done in multiples of 155 shares only. Retail investors can buy a maximum of 14 lots. By the end of the second day of the issue, this issue was subscribed up to 6.55 times. The retail investor’s category got subscriptions up to 10.55 times. The share of qualified institutional buyers and wealthy investors were subscribed up to 2.97 times and 2.63 times, respectively.
From FY 2017-18 to FY 2019-20, the company’s revenue grew at an annual rate of 7.5 percent to Rs 1,128 crore and profit grew by 2.6 percent to Rs 141.1 crore. The company’s EBIDTA margin stood at 28 percent during this period. The dividend payout ranged between 46 and 49 percent.
Hem Securities and Choice Broking have short and long-term advice on subscribing to the issue. According to Samco Securities also the issue price is fair and it would be advisable to subscribe. The company’s eyes are on markets like Africa, Bangladesh, and Mauritius. RailTel is a unit under the Indian Railways, which provides infrastructure related to information and communication technology. It is one of the largest neutral telecom infra units in the country. This is a first-class Mini Ratna unit, over which the central government has 100% authority.
The company was started in the year 2000 to improve the existing Techicom system for trains and control them and strengthen their functioning and safety. The company is preparing a network of optical fiber along with the railway track so that a broadband network can also be given.
The company’s net profit for the half-year ended September was Rs 45.58 crore, while its total income was Rs 553.78 crore. The net worth of the company is estimated at Rs 1,394.63 crore. The company does not have any debt as per the balance sheet. The issue is managed by ICICI Securities, IDBI Capital Markets & Securities, and SBI Capital Markets. Keffin Technologies is the registrar of the issue.
Railtel IPO subscription status
RailTel Corporation IPO Subscription: The public sector company RailTel Corporation of India’s IPO opened on 16 February 2021. On the first day, this IPO received 2.64 times the bids. The company’s IPO will close on 18 February 2021 after being open for three days. The share price of this IPO has been fixed at Rs 93-94. On the upper end of the bidding, the government will raise around Rs 819 crore from the IPO.
RailTel Corporation IPO Subscription: The IPO of the government company RailTel Corporation of India opened on 16 February. After remaining open for three days, the company’s IPO will close on February 18. The initial public offering (IPO) of RailTel Corporation of India received 2.64 times bids on the first day of bidding on Tuesday. According to the latest data available on the National Stock Exchange (NSE), bids were received for 16,13,74,220 shares for an offer of Rs 819.24 crore while 6,11,95,923 shares were offered for sale.
75 percent in the case of non-institutional investors while 4.99 times in the case of retail individual investors. The price range for the issue is Rs 93-94 per share. The company had earlier raised Rs 244 crore from 14 large anchor investors. One can invest in this IPO till February 18. The size of this IPO is Rs 819 crore. The company has fixed the price of each share at Rs 93-94 for this IPO.
What is the situation in the gray market?
RailTel Corporation of India Limited shares is trading at a premium of 50 percent in the gray market. That is, there is a premium of about Rs 47 per share and the share price has become Rs 141 in the gray market. The premium was Rs 10-15 in the gray market on February 11, which was trading at a premium of around Rs 5-10 on February 9 today.
7th IPO of this year
This IPO is the seventh IPO of this year. Earlier IPOs of Indian Railway Finance Corporation, Indigo Paints, Home First Finance Company, Stovecraft, and Brookfield India Real Estate Trust have come up. Apart from this, the IPO of Neureka Limited has also arrived, which will open for subscription on February 15.
What is the lot size?
The lot size of this IPO is 155 equity shares. That is, you have to spend at least Rs 14,570, then only you can apply for this IPO.
How much stake will the government reduce?
There are 8,71,53,369 equity shares in RailTel’s IPO. Out of this 5 lakh equity shares are reserved for the employees of the company. In this way, the government will reduce its 27.16 percent stake. At the same time, 50 percent of this issue is reserved for qualified institutional buyers. ICICI Securities, IDBI Capital, and SBI Capital Markets are the merchant bankers to the issue. According to stockbrokers, the allotment of this IPO can be completed by February 23, 2021. At the same time, its listing is expected to be on the stock market on February 26, 2021.
RailTel is a Miniratna company in the public sector.
RailTel was established on September 26, 2000. It is a Mini Ratna company in the public sector. It is the largest provider of neutral telecom infrastructure in the country. In December 2018, the Union Cabinet had given permission to bring RailTel’s IPO. It was established with the goal of modernizing the systems related to the control, operation, and safety of trains and generating additional revenue through the development of nationwide broadband and multimedia network. This company has a large optical fiber network.
Railtel IPO Expected Date
RailTel IPO: State-owned company RailTel Corporation of India is going to bring its IPO on 16 February. You can invest money in this till February 18. RailTel shares will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Let us tell you that RailTel Corporation provides internet service to Indian Railways and other companies.
Are you also thinking of earning from the stock market… If you have missed earning in the previous IPO, then now another bumper profitable deal is coming for you. In the stock market, investors are going to get a chance to earn tomorrow. After IRCTC and IRFC, RailTel Corporation, another company associated with Indian Railways, is now coming up with its public issue.
State-owned company RailTel Corporation of India is going to bring its IPO on 16 February. You can invest money in this till February 18. RailTel shares will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Let us tell you that RailTel Corporation provides internet service to Indian Railways and other companies. So let’s know about RailTel’s IPO pre-review, important date, price band, listing price and potential profit, lot size, and offer for sale (OFS)…
Important dates related to RailTel IPO
RailTel IPO will open on 16 February 2021 and will be available for investors till 18 February 2021. The allotment of shares is expected by February 23, after which the listing of the stock on NSE and BSE can be done on February 26.
The price band of RailTel IPO
The price band of this IPO has been fixed at Rs 93-94 per share, which is 9.4 times more than its face value. The government plans to raise Rs 819.24 crore through the offer. The company will not get any amount out of the amount received from this offer, all the amount will go to the government.
RailTel IPO Pre-Review
Regarding the listing, market experts say that RailTel has a big opportunity in the telecom hardware infrastructure sector and it is expected to get other people apart from the railway business. RailTel Corporation of India’s quarterly numbers are also promising, so RailTel can expect good returns on the IPO opening date. The price of RailTel IPO listing will be around Rs 130 to Rs 140 depending on the market mood. Sumeet Bagadia, Executive Director, Choice Broking said that the RailTel IPO listing will be on the positive side.
Railtel IPO lot size
It is one lot is 155 shares. A retail investor can apply for a minimum of 1 lot while an investor can bid for a maximum of 13 lots. That is, you have to invest at least Rs 14,570 in this IPO.
IPO Size and OFS
In RailTel IPO, the government will sell a total of 8,71,53,369 crore shares through Offer for Sale (OFS). The total issue size of RailTel IPO on the upper price band is Rs 819 crore 24 lakh crore. 5 Lakh Shares Reserved for RailTel Employees, 50% of this IPO will be reserved for Qualified Institutional Buyers, 35% for Retail Investors, and another 15% for Non-Institutional Buyers. A total of 5 lakh shares are reserved for RailTel employees.
Know about RailTel company
RailTel Corporation of India is a venture of Indian Railways. It provides information and communication technology infrastructure. It is the largest neutral telecom infrastructure provider company in India. The company was formed in September 2000. The objective of the company is to generate additional income by providing control, operation, and security of trains and providing broadband and multi-media network facilities across the country. Let us tell you that it works under the Ministry of Railways.
Some Questions Related
1) How do I find my current allotment IPO?
Just log on to BSE Website or IPO Registrar Website and Enter your PAN or Application Number or Demat Account Numbers to Check the IPO Allotment Status.
2) Is RailTel a good buy?
The company has been consistently profitable since 2007 and has a positive net worth since its incorporation. RailTel is professionally managed with strong corporate governance and a senior management team with significant industry experience.
3) What is the future of RailTel share?
As of 29th Jun 2022, RAILTEL Share Price closed @ 92.35 and we RECOMMEND Strong Sell for LONG-TERM with a Stoploss of 114.52 & a Strong Sell for SHORT-TERM with a Stoploss of 100.34 we also expect STOCK to react on Following IMPORTANT LEVELS.
4) nureca IPO vs railtel
Analysts say that with Covid cases in India increasing sharply and sadly, showing no signs of slowing down, demand for Nureca’s products like chronic device products and orthopedic products with nutrition supplements will increase rapidly. “This has fueled a tremendous rally in this stock.
5) Railtel IPO subscription Live Status
RailTel IPO Subscription Status Live
The public issue subscribed 16.78 times in the retail category, 65.14 times in QIB, and 73.25 times in the NII category by Feb 18, 2021.
IPO Open: Feb 16, 2021
IPO Close: Feb 18, 2021
IPO Price: ₹94
IPO Size: ₹819.24 Cr
6) Not allotted Railtel share in IPO which is the next best choice
The initial public offer (IPO) of RailTel Corporation, which concluded last Thursday, saw the highest-ever retail participation among the six initial public offerings from the Railways that have hit the market so far. At 16.78 times the quota limit, RailTel IPO received more retail bids than RITES’ 14.74 times and IRCTC’s 14.95 times.
Conclusion
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